283: Rewrite history! Purge Xu Xiang!

The difference between this stock market crash and the historical one is...

This time, there was the unique existence of Wang Lin.

Holding hundreds of billions of funds, coupled with his super special influence and pricing power over the stock market.

This had a huge impact on the stock market.

Why was there a stock market crash?

Essentially, it wasn't because Retail Investors ran out of money, but because they became scared.

In a stock market crash, being one step slower means getting trapped.

Under such circumstances, who would want to continue holding positions?

As for the Central Bank Mother tightening leverage and severely cracking down on off-exchange margin financing platforms, leading to a continuous decline in the outstanding balance of margin trading and securities lending, and off-exchange margin financing platforms also seeing the risks and actively contracting.

While these are objective facts, if stocks really kept rising, who would be willing to deleverage?

So, the root cause is still the stock market collapse.

In the past, this major stock market crash led to an extremely rapid collapse of the stock market.

Now.

Although this major stock market crash has reappeared, the speed of the collapse has sharply decreased after Wang Lin's intervention.

According to the past rhythm, although the National Team was supporting the market these two days, the effect was very poor.

Ultimately, this also led to off-exchange margin financing platforms, even if they tried to Dump Stock every day, still being unable to escape, eventually causing their own platform's funds to suffer significant losses.

As for those borrowers, their principal had long been completely wiped out.

Of course, these were some extreme Stock Investors, unlucky, didn't make money in previous market conditions, liked to go all-in with full positions, and didn't know how to control their positions.

The final result was a forced liquidation.

And those battle-hardened veteran leeks, upon seeing the decline, would naturally reduce their positions.

Although they also lost a lot.

But at least by now, although all the money earned before has been spat out, and some principal has been lost, at least a spark remains, allowing them to continue in the stock market.

Wang Lin did not buy on the second day.

Without his participation, the stock market indeed began to fall.

However, this decline didn't seem to pose such a big threat.

Although there was still no buying support during the trading day, similarly, those funds trying to Dump Stock also wanted to sell at a higher price.

After all, Brother Lin has already entered the market to bottom-fish, so the low point should not be far away.

This led to the current situation.

Overall, today's stock market decline contained a sense of eagerness to rise.

It has fallen too much; people want it to rise.

Of course, it's impossible to rise to the point of freeing everyone as before; freeing 60% would be considered very good.

As for the top 40%, it has trapped over 80% of the funds.

Moreover, what follows the freeing of these trapped positions is a Dump Stock.

Therefore, although the original intention is to support the market, in the end, it can only rely on the 'Great Law of Time' to wear down the trapped positions at the very top.

This could take more than 5 years.

On Wang Lin's side.

He didn't check the stock market today.

Or rather, there's basically no need to check the stock market during this period.

It's all market support.

And after this market support stabilizes, the stock market will experience an even crazier decline.

That decline will be caused by policy.

“Measures for the Investment Management of Basic Pension Insurance Funds”!

The introduction of this measure clearly stated that the proportion of pension fund investment in stock-type assets shall not exceed 30%!

What does this mean?

Take Wang Lin's situation as an example.

The funds invested by Yu Province's social security pension fund with him have grown to nearly 100 billion.

He basically holds full positions with these hundreds of billions of funds.

If 70% of this suddenly needed to be forcibly liquidated.

Would the stock market collapse?

Absolutely!

In Wang Lin's memory, during that period, the market was once again a sea of blood.

This time, because of him, this stock market crash seemed less frantic.

But the upcoming 30% restriction on pension insurance will cause another sharp decline due to the funds Wang Lin holds!

These are all future matters, and Wang Lin is not worried about them now.

Even if the shanghai composite index drops below 3000 points!

He has now received news that the land in the suburbs of Zheng County has been completely cleared, and the ground is now being hardened and factories are being built.

To provide conditions for Juntu Automobile's establishment.

"Let's go, Nuannuan, Yuanyuan, come with me to take a look."

"This is the first gift I've brought to Zheng County with the money I earned from the stock market. Let's see what it will become in the future."

"And let's see how many job opportunities it can bring to our Yu Province."

.Still writing